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Ok, I Made A Profit. Now What?

Dec 10, 2012 by Bill Collier 0 Comments
If you're a business owner, I strongly urge you to budget for a reasonable profit target as a percent of sales, and then make your expenses fit in. The idea is to put profit front and center as a necessary outcome ... to make it happen on purpose, rather than let it happen by accident. Now, let's build on that idea. First, what is a reasonable target for profit before tax? It varies by industry but I suggest that most of us should be able to shoot for 10% of sales, pretax.
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Timing: It will Drive you Crazy

The race to end the accounting year is full of twists and turns. You really don’t know where you are going to end up until that final day where your year officially ends, after which you can begin the arduous process to close your books. But those twists and turns sure make life interesting to plan for.
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About The Great Game of Business

Our approach to running a company was developed to help close one of the biggest gaps in business: the gap between managers and employees. We call our open-book approach The Great Game of Business. What lies at the heart of The Game is a very simple proposition: The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a stake in the outcome. Let us teach you how to develop a culture of ownership, where employees think, act and feel like owners.